Logistics

Dr.B Sudhakar

Director, Sankara Institute of Management Science  

“Logistics Management”, is the most vehemently discussed topic with significant implications for the future of the country. It is important that the growth and development of a country’s economy depends on the infrastructure development. This development will help the industries in the country to move products across the country to satisfy the customers. The population of the country and the increased purchasing power of the Indian consumer have made the Indian market an attractive one for companies throughout the globe. Hence the Global companies are targeting our market to satisfy the consumers. Similarly Indian companies are also catering to the need of the global consumers with its products and services. Under this circumstances movement of goods across the supply chain and identifying specific interventions required to streamline the logistics activities in the country with an aim to integrate Indian products to global supply chains has become important. Government of India has also formulated a policy to focus on increasing the storage and warehousing capacity and other value added services of the supply chain. Multi-modal logistics parks, integrating various transportation modes right up to the district level across the country has been planned and implemented in stages. The need for understanding the product specific supply chain for the country to integrate effectively into the global supply will reduce the cost of goods to make Indian product more competitive. Career opportunities are also increasing in this field of work. Hence aspiring management graduates can look for a formal course in Logistics Management to acquire the knowledge and skills needed to face challenges of the global logistics industry.